How Sahm Adrangi Makes Money Betting Against Companies

Sahm Adrangi has 14 years of experience in the financial industry. The last nine of those years have been spent running his own hedge company, Kerrisdale Capital Management LLC. He is based in New York City and he is primarily interested in small and mid-sized companies. Once he’s evaluated a company he’s interested he’ll take one of three actions. He’ll either take a short position on their stock, a long position, or he’ll not do anything and look for a better opportunity to make money.

Not long after he started his hedge fund Sahm Adrangi was researching some Chinese firms that traded on American stock markets. His research showed that something fishy was going on with a number of them. He decided to short them and the result was that in 2011 his hedge fund had a 180% return. To facilitate this, after he had taken a short position he put his research on his blog and some financial websites he knew that other professional investors frequented. When they saw that these companies were essentially frauds it tanked the value of these companies stocks, making Kerrisdale Capital Management have fantastic returns for the year.

One of these Chinese companies was China Biotics, for example. They said they sold nutritional supplements in over 100 outlets in China. Sahm Adrangi did his due diligence and researching all of the companies addresses for their locations revealed they only actually had four of them. As a result the company’s auditors quit because of “financial irregularities“. American shareholders ended up suing the company.

More recently, Sahm Adrangi has set his sights on a number of American firms like Globalstar in 2015. He shorted their stock after he saw that the satellite spectrum they owned was unusable. This was because it was right next to wi-fi and cellular bands that bled over and interfered with it. In 2016 he went after DISH Networks. He raised $100 million to bet against this company when he saw that they completely overvalued what their AWSS-4 cellular spectrum was worth and that there was no way they could sell it for what they wanted before their rights expired in 2020.

Ian King Talks About the Future of Bitcoin Cash

What is the future of Bitcoin Cash? Bitcoin Cash was created as a result of a hard fork, which basically gave everyone who owned Bitcoin an equal amount of Bitcoin Cash. Bitcoin Cash has risen a lot since it was first created. It has certain advantages over Bitcoin. Is Bitcoin Cash going to overtake and overshadow Bitcoin itself?

Bitcoin Cash has the advantage of an additional block size capacity over Bitcoin. It has a market value of over ten billion dollars. This was literally created overnight. At first, it started off slow, but as interest continued to grow, more and more people started to mine and invest in Bitcoin Cash. The price continued to go up. Read this article at ZeroHedge about Ian King

Why was Bitcoin Cash created? It was created to fix a problem that Bitcoin had. Bitcoin had a limited capacity for block sizes, and users had to have a record of all the transactions in order to use their blockchain wallets. This led to hackers filling up the records with false transactions, which overwhelmed the system and led to denial of service attacks.

In other words, transactions were taking too long to occur. While Visa, for example, is able to do a lot of transactions every second, with Bitcoin it can take a few minutes or much more for a transaction to go through. If Bitcoin were to become a leading currency, this would be a big problem. Other altcoins have fixed this problem, and Bitcoin Cash was also created in order to fix the problem. However, critics of Bitcoin Cash say that such technologies would eventually lead to centralization. That would defeat the entire advantage of Bitcoin, which is a decentralized currency.

According to Ian King, the fact that some people are moving over to the Bitcoin Cash network in order to be able to do quicker transactions may not be a good sign for Bitcoin. However, the fact is that it is having an adjustment difficulty. This means that for the time being, Bitcoin will indeed remain the top cryptocurrency out there. Follow Ian King on Your Favorite Social Media: Twitter, Stock Twits.

Ian King currently writes a weekly contribution For Sovereign Investor Daily at Banyan Hill Publishing. He is their cryptocurrency expert. He also writes for sites such as Investopedia. He has decades of experience with investing and trading in general and in the financial industry and stock market.

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Daniel Taub; the noble diplomat

Daniel Taub had served as an ambassador of Israeli in the UK for four years. During his tenure, he created a good image for the Israeli people. Daniel has been a good ambassador who knew how to get along with people who shared different opinions.

Being born and raised in UK, he was the first Israel to become an ambassador from such a situation as his. He however went to serve his mother country at his twenties before going back to UK. Daniel Taub had strengthened commerce between the two countries and income generated from trade between the two had increased positively by the time he was leaving office.

While he was still serving as an ambassador, students who came from Israeli were being discriminated by some campuses and some regions had been declared Israeli free zones. Daniel was able to fight and supported them by helping in removing perception the Europeans had on Israelis.

Coming from a Middle East country which is related to terrorism, Daniel had noted that the terrorists attack both the Israelis and the Europeans. He said that the enemy is common and should be dealt with accordingly without blaming it on the Israeli people.

As his duty had been so demanding, Daniel had not had enough time to enjoy entertainment in UK. He had been so committed to his work that during his final days is when he discovered the London Musicals which he maximized attending during those last days.

Travelling back to Israeli was such a happy moment for Daniel Taub although he never mentioned of any regret of living in the UK. He was excited as his whole family was going to reunite. This is because the older kids were left in Israeli while the rest of the family travelled to UK. For him, it was such a significant moment and he was more than ready for the reunion.

During his tenure, Daniel spoke to both his friends and enemies. He believed that one cannot only live on positive comments, but also need the negative ones too. He sees them as an eye opener to look a problem at a different angle.

As he left office, Daniel Taub was satisfied that he had given his best to his people and that he deserved a long rest. He did not regret on things he did not do or things he would have done but he felt that he did what was important and what he was supposed to do. Learn more: https://www.thejc.com/

 

 

 

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